3 ms·
That might deter the creation of new housing supply.
by mac01021 6y ago
That might deter the creation of new housing supply.
- mikepurvis 6y agoVancouver's been doing a 5x property tax for vacant units for the past few years, and it does seem to be putting some pressure on owners to get them occupied: https://globalnews.ca/news/6523554/empty-homes-tax-results-2019/ https://globalnews.ca/news/6523554/empty-homes-tax-results-2... Vancouver's normal property tax rate is just 0.26%, and the vacancy surcharge is 1% per that article.